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We're sellers towards 1.07620.

We're sellers towards 1.07620. | 01 November 2021

01 November 2021, EUR/USD

We're sellers towards 1.07620.

Wave Analysis

During the previous trading day, the impulsive wave (c) continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below range lower trendline, we expect nothing but a possible momentum to the upperside towards 1.10020 and may continue much lower. As it is now, we are sellers with an ultimate target set at 1.08820 and may continue much lower.

Trade Recommendations:

We're sellers towards 1.07620.

Bob Stan
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